Updates, advisories and surprises

(4:38 PM ET) SAN FRANCISCO (MarketWatch) - Cisco Systems
CSCO, +0.57%
on Wednesday said its board has declared a quarterly dividend of 19 cents a share, an increase of 2 cents from the previous quarter. The dividend will be paid on April 23 to shareholders of record as of the close of business on April 3. The company also announced it bought back $4 billion in shares during the quarter. In a statement, Chief Financial Officer Frank Calderoni said, "Our financial strength gives us the confidence to provide a meaningful return to our shareholders." Cisco reported a dip in profit and sales but its results beat Street estimates. Cisco shares were down a fraction after hours. (Updates with stock buyback information.)

Angie's List falls after first-quarter guidance

(4:35 PM ET) SAN FRANCISCO (MarketWatch) -- Angie's List Inc. reported late Wednesday fourth-quarter revenue that generally met with Wall Street's expectations, but the company's expectations for revenue in the current quarter came up short of analysts' forecasts. The online professional-services recommendation company
ANGI, +1.30%
said it earned 5 cents a share, including a $4 million accrual for pending settlement of litigation. Revenue reached $68.8 million, up 49% from the same quarter a year ago. Analysts, whose estimates typically exclude special items, were looking for a profit of 12 cents a share on revenue of $68.5 million for the quarter, according to estimates from FactSet. Looking ahead, the company sees first-quarter revenue of $71.5 million to $72.5 million. Analysts forecast revenue of $74.3 million. Shares of the company fell 13% in after-hours trading.

Nvidia reports lower profit but beats estimate

(4:30 PM ET) SAN FRANCISCO (MarketWatch) -- Nvidia Corp.
NVDA, -1.08%
late Wednesday reported its fourth-quarter earnings fell to $147 million, or 25 cents a share, from $174 million, or 28 cents a share, a year ago. Revenue edged up to $1.14 billion from $1.11 billion. On an adjusted basis, Nvidia would have earned 32 cents a share, down from 35 cents a share a year earlier. Analysts surveyed by FactSet had forecast the chip maker to report earnings of 18 cents a share. In the first quarter, Nvidia expects revenue of $1.05 billion, plus or minus 2%. Shares were up 2.6% after hours.

Mondelez misses on fourth-quarter, 2014 looks rosy

(4:22 PM ET) SAN FRANCISCO (MarketWatch) -- Mondelez International Inc.
MDLZ, +0.14%
reported fourth-quarter results that fell short of the Wall Street consensus while providing an outlook that topped estimates in the extended session Wednesday. The snack foods company reported fourth-quarter earnings of $1.76 billion, or $1 a share, up from $569 million, or 32 cents a share, in the year-ago period. Excluding one-time items, the company reported earnings of 42 cents a share. Revenue decreased to $9.49 billion from $9.5 billion in the year-ago quarter. Analysts surveyed by FactSet were looking for earnings of 44 cents a share on revenue of $9.6 billion. Mondelez's outlook for 2014, however, was above the mark. The company called for adjusted earnings in the range of $1.73 to $1.78 a share, while the analyst consensus is at $1.71. Shares of Mondelez rose 0.3% to $33.30 on moderate volume.

MetLife fourth-quarter profit jumps, revenue flat

(4:21 PM ET) NEW YORK (MarketWatch) -- MetLife Inc.
MET, -0.19%
said its fourth-quarter profit soared to $877 million, or 77 cents per share, from $96 million, or 9 cents a share, a year earlier. The year-ago results were hurt by derivative losses. Revenue was virtually flat, at $18.38 billion versus $18.36 billion a year ago, the insurer said Wednesday. Analysts had expected earnings of $1.03 a share, or $1.30 after stripping out one-time gains and losses, according to FactSet. Analysts had expected revenue of $17.29 billion. Shares in MetLife were up 0.25% after the market closed.

Whole Foods profit up 8% but misses targets

(4:19 PM ET) SAN FRANCISCO (MarketWatch) -- Whole Foods Market Inc.
WFM
reported late Wednesday its fiscal first-quarter 2014 profit rose to $158 million, or 42 cents a share, from $146 million, or 39 cents a share, a year ago. Revenue for the three months ended Jan. 19 rose 10% to $4.24 billion from $3.86 billion. Comparable-store sales rose 5.4% in the quarter. Analysts polled by FactSet had expected the grocery chain to earn 44 cents a share on $4.3 billion in revenue. Whole Foods shares fell as much as 4% on the report in after-hours trade.

NetApp earnings rise to $192 million

(4:12 PM ET) SAN FRANCISCO (MarketWatch) -- NetApp Inc.
NTAP, -2.01%
on Wednesday reported a fiscal third-quarter profit of $192 million, or 55 cents a share, on $1.61 billion, compared with earnings of $158 million, or 43 cents a share, on $1.63 billion in sales in the year-ago period. Excluding one-time items, NetApp earned 75 cents a share. Analysts surveyed by FactSet had forecast the storage-technology company to earn 71 cents a share on $1.63 billion in revenue.

Cisco posts lower profit, revenue

(4:12 PM ET) SAN FRANCISCO (MarketWatch) - Cisco Systems
CSCO, +0.57%
on Wednesday reported a fiscal second-quarter profit of $1.4 billion, or 27 cents a share, compared with a profit of $3.1 billion, or 59 cents a share. Revenue slipped to $11.2 billion from $12.1 billion. Adjusted profit was 47 cents a share. Analysts polled by FactSet on average were expecting Cisco to report a profit of 46 cents a share, on revenue of $11.04 billion. Shares of Cisco were down a fraction after-hours.

Deere shares rise as earnings beat expectations

(7:13 AM ET) NEW YORK (MarketWatch) -- Deere & Co.
DE, +1.58%
said Wednesday its first-quarter profit rose to $681.1 million, or $1.81 a share, from $649.7 million, or $1.65 a share, a year earlier. Total net sales and revenues rose 3% to $7.65 billion, the farm-equipment company said. Analysts polled by FactSet had expected earnings of $1.52 a share on sales of $6.58 billion. Deere said it expects equipment sales to fall about 3% in fiscal year 2014 and decline 6% in the second quarter. The company said it sees full-year profit of about $3.3 billion. "Even in the face of moderating demand for agricultural equipment, Deere is well-positioned to deliver solid performance," said Samuel Allen, chief executive. Shares of Deere rose 2.9% in premarket trade.

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